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  "op": [
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      "voter": "transisto",
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{
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      "parent_author": "darthpantera",
      "parent_permlink": "re-cryptovestor-crypto-dives-again-trading-and-some-warnings-20180122t180035928z",
      "author": "cryptovestor",
      "permlink": "re-darthpantera-re-cryptovestor-crypto-dives-again-trading-and-some-warnings-20180123t191942718z",
      "title": "",
      "body": "I don't, no. Given that most normal people associate Bitcoin with being cryptocurrency, if it fails to stay on top I suspect that will not set a good image to a lot of people. However, given how low float is for many cryptocurrencies, I do not see it as impossible to overtake Bitcoin on CoinMarketCap, but have my doubts they will overtake in real capital, time, and people invested.\n\nEthereum has way more security concerns than Bitcoin because it has much more sophisticated scripting for smart contracts - always remember that the more complex you make something, the more possibility of vulnerabilities (a reality we have faced with Ethereum over and over again). You can't fix that - it's a law of nature. It doesn't make Bitcoin superior, it just means Bitcoin is dumber and you literally CAN'T screw it up in the same ways you could Ethereum.\n\nIt's too soon to say what will happen in the long-term, but always remember that the most time has been invested in Bitcoin which can't be replaced with money. A lot of altcoins are just Bitcoin's codebase with a few tweaks made. Whether or not sidechains can be securely and practically implemented will be a key question going into the future. As we speak, just seeing Segwit and batching become adopted will clear up the bottlenecks we have in BItcoin now.\n\nThis isn't to say there isn't potential in other cryptocurrencies, but rather that it is not as simple as it seems (e.g: Bitcoin is expensive and slow, therefore should be replaced as it is impractical).",
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      "title": "",
      "body": "I sold 5 BTC back in 2015 so I could buy a new keyboard.  ![facepalmbear-5804f2af3df78cbc28913ff7.jpg](https://steemitimages.com/DQmZrtwBpBHNKjGrGyuoApjX63ddPZJ1nY32ah2mnqAynS7/facepalmbear-5804f2af3df78cbc28913ff7.jpg)",
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      "author": "gaeos",
      "permlink": "re-darthpantera-re-cryptovestor-crypto-dives-again-trading-and-some-warnings-20180123t023311452z",
      "title": "",
      "body": "I'm with you here. I've been thinking about this for a little while now, and it makes sense if ETH overtakes bitcoin at some point. There's too many negatives about bitcoin and Ethereum itself makes it like a little internet is being built with it. \n\nWhat good can bitcoin really do now? The transaction fees are crazy (although they are around $1 right now), it's losing vendors and adoption is down, and the transaction speeds are too slow. But at the same time, I get the sense that bitcoin could shoot up out of nowhere at some point. And it's not like Bitcoin can't change either.\n\nOne big successful update to the Bitcoin blockchain could change everything. If it could lower the transaction fees way down, bring the speed way up, and get the adoption to increase, then there's no saying where the price of bitcoin could end up. It already has the awareness and the name.\n\nFor now the market as a whole seems like a big waiting game.",
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      "author": "cryptopsych",
      "permlink": "re-darthpantera-re-cryptovestor-crypto-dives-again-trading-and-some-warnings-20180123t001130063z",
      "title": "",
      "body": "I do some digital marketing on the side and understand the importance of brand.  I tell people I invest in crypto and they are like what is that.  I say bitcoin and the lightbulb moment happens.  For better or worse bitcoin is the household name.  But I agree with all your points.  I buy eth to move between exchanges and for buy and hold.  There are so many erc20 tokens that validate the existence of eth.  I personally think we will have niches.  I am very interested in projects like Polymath looking to bring securities easily onto the blockchain.  Getting into an either or debate is like asking if Google or Amazon is more powerful.",
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      "parent_author": "fabianmaria",
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      "author": "darthpantera",
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      "title": "",
      "body": "The main thing is it gives me perspective when I see the market acting crazy. Yeah it's much bigger now than it was but it's not like the Bitcoin market has never been crazy, you know?",
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      "parent_author": "darthpantera",
      "parent_permlink": "re-ridi20-re-jrcornel-bitcoin-is-sliding-again-what-s-causing-the-drop-20180122t191614463z",
      "author": "fabianmaria",
      "permlink": "re-darthpantera-re-ridi20-re-jrcornel-bitcoin-is-sliding-again-what-s-causing-the-drop-20180122t202501374z",
      "title": "",
      "body": "2013???? You are like a dianosue to me. I got into bitcion fairly recently",
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      "voter": "cryptotem",
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{
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      "parent_author": "ridi20",
      "parent_permlink": "re-jrcornel-bitcoin-is-sliding-again-what-s-causing-the-drop-20180122t184329472z",
      "author": "darthpantera",
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      "title": "",
      "body": "And every year this causes the weak hands to panic sell, making the dip worst. I remember panicking on a dip in 2013 and selling out *all* my BTC. Every last one of them, like an idiot.\n\nNeedless to say, I learned. Got back in, and didn't panic sell at any of the following dips or crashes. This feels pretty normal to me now, but it's always sad to see the people who can't handle it. I agree with @jrcornel, I expect BTC and most of the crypto market to be up within a few weeks.",
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      "body": "Nice comment and rationale behind your ideas. \n\nI too have my doubts about the \"Bitcoin is the gold standard of cryptocurrencies\" argument... While Bitcoin and gold both have a finite amount in existence, what makes gold different and in my opinion more valuable in the sense of scarcity, is that it can't be recreated (i.e. Bitcoin hard forks or other alts that use the same underlying code with added benefits or improvements). Gold is valuable because there is a limited supply— yes—but it is also valuable because the elements that comprise it are rare in the universe and is incredibly hard to create due to the extreme energy-intensive process. If you create something with the same chemical characteristics as gold you aren't making something different, you are making gold... that is why it cannot be replaced and deserves its status as a backing of fiat currencies.\n\nWhile I have no idea if Bitcoin is going to $1,000,000 or $1,000 in the future, in my opinion, it won't be the gold standard forever. At the end of the day, it's technology and tech always improves, while precious metals do not.",
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